I received a letter, complete with "credit card", in the mail today, and after a bit of research online, discovered that many people aside from myself have either fallen victim to this scam, or have saved themselves just in time.
The card promises a $6,500 in-house credit limit, complete with cash advances and the whole nine yards. Which, being that my credit is virtually non-existent, would be a wonderful thing. However, I never applied for such a card, and had no reason to believe that I would ever receive such a thing. Until now.
The fine print states that there is a $199 annual fee, whether or not you use the card, which is "waived" if you use it. It also states you can use it to order from their catalog, but no such catalog arrived... Only the card and terms of payment.
I attempted to call the number provided, to find out how they obtained my information in the first place, but it is only an automated line and no operator answers... And I was not about to activate the blasted card, just to get the company to tell me more about themselves.
I cut the card up, and burned the confirmation number and "electronic signature" code they included. I would recommend doing this to anyone who gets such a letter, since there is no other way to protect yourself 100% from someone else getting the card and using it in your name, thus potentially ruining your credit.
If you don't want to take my word for it, Google the company (CCA credit were the keywords I used), and read what many, many others have said, and have BEEN saying since 2005. This "company" is bad news.
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